Inverted Hammer

An upside-down Hammer (White or Black).

This is a bullish reversal pattern. In a DownTrend, the open is lower, then it trades higher, but closes near its open.

Recognition Criteria:

· DownTrend

· A Spinning Top with a lower shadow greater than N% of the body length AND

with an upper shadow less than M% of the total line range(High-Low)

· The closing price of the following line is lower then this line.

Function: InvertedHammer()

Trend: Bullish

Type: Reversal